Slide 1: Arbe's Q4 & FY 2021 Earnings
v Radar Revolution. Delivered. v v Arbe’s Q4 & FY 2021 Earnings March 2022
Slide 2: Disclaimer
Disclaimer v This presentation contains certain “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The words “expect,” “believe,” “estimate,” “intend,” “plan,”
Slide 3: Arbe is the first company to develop an imaging radar based on a proprietary chipset
v Arbe is the first company to develop an imaging radar based on a proprietary chipset v v Offering the best performance in the industry, enabling free space mapping for truly safe Level 2.5 - Level 5
Slide 4: About Arbe: First Mover & Market Leader in 4D Imaging Radar
About Arbe: First Mover & Market v Leader in 4D Imaging Radar Mission: From safe roads to autonomous driving World’s First Arbe Today Ultra high resolution radar solution 30 Strategic $312M Founded in team members In 2025 Relationships with 2015 130 v v Global Tier 1s and Projected Proprietary chips
Slide 5: The Market
The Market v v v OEMs Trucks Delivery robots RoboTaxi • 2025 and up • 2023 and up • 2023 and up • 2024 and up • Level 2.5 / Level 3 • Level 2.5 / Level 3 • Level 4 • Level 4 • High volume • Low volume • Mid volume • Low volume • Innovation and safety • Safety and efficiency • Efficiency • Not clear
Slide 6: Perception Imaging Radar: A Radar of Firsts
Perception Imaging Radar v A Radar of Firsts First to First to achieve First to eliminate First to leverage accomplish Free Simultaneous false alarms from velocity & turn rate Space Mapping Location and phantom data to sense and object Mapping (SLAM) objects what the vehicle tracking in all will enc
Slide 7: The Only Automotive HD, 4D Imaging Radar Solution
The Only Automotive HD, v 4D Imaging Radar Solution Top Benefits § Enabling free space mapping for safe L2.5 and L3 without LiDAR Transmitter 24-48 transmitters, § Functional in various weather and Tx power control lighting conditions Everest Radar Processing Unit First Best RF 4D radar performance
Slide 8: Production Timeline
Production Timeline v Chip Production China System Production v v Europe & USA System Production Q2 Q3 Q4 Q1 Q2 Q3 Q4 2022 2022 2022 2023 2023 2023 2023 Based on current estimations 8
Slide 9: Guaranteed Capacity
Guaranteed Capacity v GlobalFoundries will • Qualify and characterize • Guaranty AEC-Q100 qualification • Lead production line • Fully own final chip testing v v • Manage chipset supply chain Latest 4D Experienced Multi-billion Imaging Radar Global semiconductor technology foundry Guaranteed supply
Slide 10: Large & Growing Radar TAM Opportunity
Large & Growing Radar TAM Opportunity v Radar TAM Opportunity Largest, Fastest Growing Segment of the Automotive Sensor Market $11B Automotive Radar1 2025E TAM1 LIDAR1 Camera1 CAGR: $11B 21% $4B v v Industrial 2025E TAM 1 CAGR: $2B NM $4B $13B CAGR: $6B 8% $4B Aerospace & 2020E 2025E Defense 2025E T
Slide 11: Radar Sales Forecast (In K)
Radar Sales Forecast (In K) v Unit Sales in 2020 Unit Sales in 2024 Unit Sales in 2028 Unit Sales in 2030 3D/4D 3D/4D 3D/4D SRR/MRR LRR SRR/MRR LRR SRR/MRR LRR SRR/MRR LRR Radar Radar Radar v v 179,910 42,280 201,680 68,300 3,600 232,950 103,050 11,450 249,380 105,990 18,710 • 3D/4D Radar forecasted
Slide 12: Growth Drivers
Growth Drivers v Autonomy Level Level 1 Level 2 Level 3 Level 4-5 # of Sensors Radar 3 3-5 +5 6-10 per Vehicle1 Camera 2 ≤4 6-8 6-8 LIDAR 0 0 0-1 1-3 v v % of Cars in 2025E2 25% 65% 10% <1% Automotive Radar TAM 2025E2 $3B $7B $1B $0.1B • Next gen high resolution radars required for L2.5 – L5 • Stron
Slide 13: Review of Q4 & 2021 Business Achievements
Review of Q4 & 2021 Business Achievements v Short Listed Current Customers Design-in 17 projects Tier 1s Developing and Shipping On top of existing Arbe-based Automotive Radar Systems TOP 10 OEM AI-based radar tech for OEM perception Non-automotive v v 8 OEM Top ADAS tier 1 RoboTaxi TOP 5 OEM Pre-pr
Slide 14: Business Growth 2020-2021
Business Growth 2020-2021 v + 12 + 17 Customer New Short- Pilots listed Projects v v x6.7 X 4.7 Revenue New Orders Growth YoY 14
Slide 15: Organizational Growth
Organizational Growth v 53% Total Team + 73 to 112 R&D 45% v v + 62 to 90 SG&A 100% + 11 to 22 15
Slide 16: Q4 Financial Results
Q4 Financial Results v Revenue ($M) OpEx ($M) 14.173 0.52 11.58 v v 3.891 0.194 3.279 1.916 0.677 0.311 0.301 Q4 2020 Q4 2021 Q4 2020 Q4 2021 R&D S&M G&A 16
Slide 17: Full Year Financial Results
Q4 Financial Results v Revenue ($M) OpEx ($M) 34.087 2.249 28.564 v v 14.95 12.794 0.332 3.709 1.063 1.093 1.814 2020 2021 2020 2021 R&D S&M G&A 17
Slide 18: 2022 Business Goals
2022 Business Goals v Tier 1s Customers 2 Top Tier 1s in the US and Europe 8 Design Wins v v Began working with Arbe 18
Slide 19: Outlook
Outlook v $7M to $11M Revenues ($34M) to ($38M) Adjusted EBITDA v v
Slide 20: On Track to 2025
On Track to 2025 v On track v v to achieve our $312 million revenue goal for 2025 20
Slide 21: The Road Ahead
The Road Ahead v • High-definition imaging radar will change the auto market • Our solution is miles ahead of the competition • A range of new vertical opportunities will v v open • We intend to win significant market share by 2025 21
Slide 22: Thank You
v Radar Revolution. Delivered. Thank v v You Kobi Marenko, CEO kobi.m@arberobotics.com